Author Topic: Technical Reviews for Gold, Silver and Bitcoin (August 2017)  (Read 604 times)

Offline analyst75

  • Sr. Member
  • **
  • Posts: 472
  • Country: ng
  • Gender: Male
  • OS:
  • Windows 7/Server 2008 R2 Windows 7/Server 2008 R2
  • Browser:
  • Chrome 59.0.3071.115 Chrome 59.0.3071.115
    • View Profile
  • Age: 38
  • Location: Lagos
  • Profession: Forex expert
GOLD (XAUUSD)
Dominant Bias: Bullish
Gold went downwards in June, but went upwards in July, thus recovering some of the losses sustained in June. In July, a low of 1204.53 was reached, while a high of 1270.63 was also reached ? showing bull?s supremacy. The bullish effort that was made last month has resulted in a bullish bias, which is supposed to continue this month. Gold may target the resistance levels at 1270.00, 1275.00 and 1280.00. These are initial targets, which might be exceeded as price goes northwards in slow and steady manner. 

SILVER (XAGUSD)
Dominant Bias: Bullish
Silver plummeted in June and early July, reaching a low of 14.3553. The low was reached as a result of a flash crash that was experienced in the first week of July, which was quickly recovered as price bounced seriously upwards, closing the month on a bullish note. There is now a Bullish Confirmation Pattern on Silver, which signals further bullish effort in August. The next targets are located at the supply levels at 17.0000, 17.5000 and 18.0000, which would require a very strong buying pressure to exceed. 

BITCOIN (BTCUSD)
Dominant Bias: Bullish
Bitcoin is both volatile and choppy (though the overall bias on the market is bullish). There was a serious bearish movement in the first half of July, which culminated in a gap-down. That threatened the bullish bias, but the second half of the month saw an agreeable recovery as price went upwards by roughly 100,000 pips from the low of the month. This has helped emphasize the recent bullish outlook on the market, which is expected to continue in August. The distribution territories at 2900.00, 2950.00 and possibly, 3000.00 are being aimed. However, there is a probability of a pullback as price approaches the distribution territory at 3000.00, which is an important territory. 


Source: www.tallinex.com

Advertisements

I simply copy profitable trades on Tallinex: https://www.tallinex.com/mm-details

Nigerian Best Forum . NBF

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free


Offline Terry Pumpkin

  • Full Member
  • *
  • Posts: 165
  • Country: pk
  • Gender: Male
  • OS:
  • Windows NT 6.3 Windows NT 6.3
  • Browser:
  • Chrome 60.0.3112.113 Chrome 60.0.3112.113
    • View Profile
  • Age: 22
  • Location: karachi
  • Profession: trading
Re: Technical Reviews for Gold, Silver and Bitcoin (August 2017)
« Reply #1 on: August 30, 2017, 08:22:45 PM »
It?s good to have track of the happening around the globe, but I feel it?s way too risky to go with this type of analysis alone. We need to have certainty over things, as that is the way we will move forward. I work under OctaFX broker and with them; I find it all too easy in every possible way. They have brilliant Forex Forecast and there is trading tips that can be very handy. Then, I also follow my own which makes it perfect way of working!

Nigerian Best Forum . NBF

Re: Technical Reviews for Gold, Silver and Bitcoin (August 2017)
« Reply #1 on: August 30, 2017, 08:22:45 PM »

 

ads